Saving on taxes appeals to everyone. It puts more money in your pocket to spend or save as you please. For most people, tax-saving investments tend to happen arbitrarily, and more often than not, at the last minute. However, if you took a little effort to plan these investments, then apart from saving taxes, they can contribute towards your overall financial goals as well.
“Remember that financial goal planning precedes tax planning. Once you have established the road map, ensure you have maximum tax efficiency planned for every year,” said Amit Kukreja, founder, WealthBeing Advisors.
There are no good or bad tax advantaged investments. The choice depends upon what you want from your investment.
